Business

FATHERLAND CORPORATION LAUNCHES $5M PRIVATE PLACEMENT IN US

Published

3 years ago

February 21, 2023

FATHERLAND CORPORATION LAUNCHES $5M PRIVATE PLACEMENT IN US

FATHERLAND CORPORATION – fewer than 375 prospective subscribers have indicated interest in the offer for subscription of 2.5 shares of Fatherland Global Public Benefit Corporation, a Delaware-based media company.

The corporation is offering its Common Stock to raise $5 million through Public Private Memorandum against 20% common stock, FairShares.

Fatherland is a global marketplace for the African and non-African populations for authentic stories and experiences of Africans and their race founded by Hareter B. Oralusi.

The Corporation delivers technology driven programmes and services to the worldwide population targeting over 100 million members. It is a holding company incorporated in Delaware and operates from New York, Atlanta, Florida, London, Dublin, Lagos, and others.

“The Shares are offered at a purchase price of $2.00 per share, up to an aggregate purchase price of $5,000,000. The Offering will terminate upon the sale of 2,500,000 shares, unless terminated earlier, in our sole discretion. The minimum investment is 500 shares, or $1000. The maximum number of shares to be sold in this offering is 2,500,000 shares.

“The offering is made in reliance upon an exemption from registration under the federal securities laws provided by Section 4(a)(2) of the Securities Act of 1933, as amended, the “Securities Act”, and Rule 504 of Regulation D as promulgated by the United States Securities and Exchange Commission, the “SEC” or the “Commission”, under the Securities Act of 1933. There is currently no public market for our common stock.

“Securities are sold to any number and type of investor, and the issuer is not subject to specific disclosure requirement”, as defined in Rule 504 of the Securities Act,” the statement said.

However, the shares offered by Fatherland in the Private Placement Memorandum have neither been registered with nor approved by the United States Securities and Exchange Commission. They also have not been filed with nor reviewed by the Attorney General of any state nor the security regulatory authorities of ant state.

“This offering is based on the exemption from such registration as set forth in rule 504 of Regulation of the Securities Act of 1933, as amended.

“Investment in the Company’s securities involves significant risks and is suitable only for persons of adequate financial means who have no need for liquidity with respect to this investment and who can bear the economic risk of a complete loss of their investment,” the company announced.

Fatherland advised each prospective purchaser of the securities to consult their own tax advisors as to the consequences of purchasing, holding, and disposing of the securities, including, without limitation, the application of U.S. federal tax laws to their situations, as well as any consequences to them under the laws of any other taxing jurisdiction as the corporation has not registered any securities under the Securities Act of 1933, as amended, or any state securities laws.

“We offer these securities in reliance on certain exemptions from registration contained in the Securities Act and applicable state laws. As a consequence, purchasers may not sell these securities unless they are subsequently registered under the Securities Act and applicable state laws or an exemption from such registration is available. Accordingly, any purchaser must bear the economic risk of investment in these shares for an indefinite period of time,” they added.

The statement further stated that each investor must acquire the shares of the common stock for his own account and not for the account of others, for investment purposes only and not with a view to, or for resale, distribution, or fractionalization thereof.

Before the corporation can accept any subscription, each prospective investor must represent, by completing and signing the Subscription Agreement attached to this Memorandum and having his representative or representatives, if any, complete a Purchaser Representative Questionnaire.

The Securities are being offered through officers, directors, and employees of the Company to a select group of investors, who meet the suitability standards set forth under Suitability Standards.

They have agreed to make available to each prospective investor, prior to the sale of securities, the opportunity to ask questions of, and receive answers from, the Company’s officers concerning the terms and conditions of the Offering and to obtain additional information, to the extent Fatherland Global Corporation possess such information or can acquire it without unreasonable effort or expense, which may be necessary to verify the accuracy of the information set forth herein.

Any Investor who wishes to purchase shares of the Common Stock should deliver the One dated and executed Subscription Agreement and Prospective Purchaser Questionnaire; Payment of the subscription amount by check payable to Fatherland Global Corporation Subscribers for its’ Common Stock must meet investor suitability standards and a receipt of the completed subscription documents and check or wire transfer.

If subscription is accepted, a confirmation will be sent prior to closing. And if, for any reason, a subscription is rejected, the funds and a copy of the subscription documents will be returned immediately. Fatherland Global Corporation may reject a subscription for any reason in their sole discretion.

Related Topics:fatherland Featured Lifestyle

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Business

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

Published

1 day ago

February 19, 2026

Sahara Weekly

Nigeria’s Inflation Drops to 15.10% as NBS Reports Deflationary Trend

Nigeria’s headline inflation rate declined to 15.10 per cent in January 2026, marking a significant drop from 27.61 per cent recorded in January 2025, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics.

The report also showed that month-on-month inflation recorded a deflationary trend of –2.88 per cent, representing a 3.42 percentage-point decrease compared to December 2025. Analysts say the development signals easing price pressures across key sectors of the economy.

Food inflation stood at 8.89 per cent year-on-year, down from 29.63 per cent in January 2025. On a month-on-month basis, food prices declined by 6.02 per cent, reflecting lower costs in several staple commodities.

The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.

The administration of President Bola Ahmed Tinubu has consistently attributed recent economic adjustments to ongoing fiscal and monetary reforms aimed at stabilising prices, boosting agricultural output, and strengthening domestic supply chains.

Economic analysts note that while the latest figures indicate progress, sustaining the downward trend will depend on continued policy discipline, exchange rate stability, and improvements in food production and distribution.

The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.

The data suggests a sustained downward trajectory in inflation over the past 12 months, pointing to improving macroeconomic stability.

The January report provides one of the clearest indications yet that inflationary pressures, which surged in early 2025, may be moderating.

Bank

Alpha Morgan to Host 19th Economic Review Webinar

Published

3 days ago

February 18, 2026

Sahara Weekly

Alpha Morgan to Host 19th Economic Review Webinar

In an economy shaped by constant shifts, the edge often belongs to those with the right information.

On Wednesday, February 25, 2026, Alpha Morgan Bank will host the 19th edition of its Economic Review Webinar, a high-level thought leadership session designed to equip businesses, investors, and individuals with timely financial and economic insight.

The session, which will hold live on Zoom at 10:00am WAT and will feature economist Bismarck Rewane, who will examine the key signals influencing Nigeria’s economic direction in 2026, including policy trends, market movements, and global developments shaping the local landscape.

With a consistent track record of delivering clarity in uncertain times, the Alpha Morgan Economic Review continues to provide practical context for decision-making in a dynamic environment.

Registration for the 19th Alpha Morgan Economic Review is free and can be completed via https://bit.ly/registeramerseries19

It is a bi-monthly platform that is open to the public and is held virtually.

Visit www.alphamorganbank to know more.

Business

GTBank Launches Quick Airtime Loan at 2.95%

Published

3 days ago

February 17, 2026

Sahara Weekly

GTCO increases GTBank’s Paid-Up Capital to ₦504 Billion

GTBank Launches Quick Airtime Loan at 2.95%

Guaranty Trust Bank Ltd (GTBank), the flagship banking franchise of GTCO Plc, Africa’s leading financial services group, today announced the launch of Quick Airtime Loan, an innovative digital solution that gives customers instant access to airtime when they run out of call credit and have limited funds in their bank accounts, ensuring customers can stay connected when it matters most.

In today’s always-on world, running out of airtime is more than a minor inconvenience. It can mean missed opportunities, disrupted plans, and lost connections, often at the very moment when funds are tight, and options are limited. Quick Airtime Loan was created to solve this problem, offering customers instant access to airtime on credit, directly from their bank. With Quick Airtime Loan, eligible GTBank customers can access from ₦100 and up to ₦10,000 by dialing *737*90#. Available across all major mobile networks in Nigeria, the service will soon expand to include data loans, further strengthening its proposition as a reliable on-demand platform.

For years, the airtime credit market has been dominated by Telcos, where charges for this service are at 15%. GTBank is now changing the narrative by offering a customer-centric, bank-led digital alternative priced at 2.95%. Built on transparency, convenience and affordability, Quick Airtime Loan has the potential to broaden access to airtime, deliver meaningful cost savings for millions of Nigerians, and redefine how financial services show up in everyday life, not just in banking moments.

Commenting on the product launch, Miriam Olusanya, Managing Director of Guaranty Trust Bank Ltd, said: “Quick Airtime Loan reflects GTBank’s continued focus on delivering digital solutions that are relevant, accessible, and built around real customer needs. The solution underscores the power of a connected financial ecosystem, combining GTBank’s digital reach and lending expertise with the capabilities of HabariPay to deliver a smooth, end-to-end experience. By leveraging unique strengths across the Group, we are able to accelerate innovation, strengthen execution, and deliver a more integrated customer experience across all our service channels.”

Importantly, Quick Airtime Loan highlights GTCO’s evolution as a fully diversified financial services group. Leveraging HabariPay’s Squad, the solution reinforces the Group’s ecosystem proposition by bringing together banking, payment technology, and digital channels to deliver intuitive, one-stop experiences for customers.

With this new product launch, Guaranty Trust Bank is extending its legacy of pioneering digital-first solutions that have redefined customer access to financial services across the industry, building on the proven strength of its widely adopted QuickCredit offering and the convenience of the Bank’s iconic *737# USSD Banking platform.
About Guaranty Trust Bank

Guaranty Trust Bank (GTBank) is the flagship banking franchise of GTCO Plc, a leading financial services group with a strong presence across Africa and the United Kingdom. The Bank is widely recognized for its leadership in digital banking, customer experience, and innovative financial solutions that deliver value to individuals, businesses, and communities.

About HabariPay

HabariPay is the payments fintech subsidiary of GTCO Plc, focused on enabling fast, secure, and accessible digital payments for individuals and businesses. By integrating payments and digital technology, HabariPay supports innovative services that make everyday financial interactions simpler and more seamless.
Enquiries:

GTCO
Group Corporate Communication
[email protected]
+234-1-2715227
www.gtcoplc.com